TWFG (NASDAQ:TWFG) Given New $32.00 Price Target at BMO Capital Markets

TWFG (NASDAQ:TWFG) had its price target upped by investment analysts at BMO Capital Markets from $30.00 to $32.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price target would suggest a potential downside of 0.76% from the company’s current price.

Several other equities analysts have also weighed in on the company. Royal Bank of Canada increased their target price on TWFG from $30.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $33.00 target price (up previously from $30.00) on shares of TWFG in a research note on Friday, January 3rd. Keefe, Bruyette & Woods raised their price objective on TWFG from $28.00 to $33.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, Piper Sandler lifted their price objective on shares of TWFG from $30.00 to $37.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.14.

TWFG Price Performance

TWFG stock traded up $0.03 during trading on Tuesday, hitting $32.25. The company had a trading volume of 17,852 shares, compared to its average volume of 79,307. The firm has a 50-day moving average price of $29.78 and a 200-day moving average price of $29.89. TWFG has a 12 month low of $21.31 and a 12 month high of $36.50. The company has a debt-to-equity ratio of 0.02, a quick ratio of 122.61 and a current ratio of 122.61.

Institutional Trading of TWFG

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royce & Associates LP purchased a new stake in shares of TWFG in the third quarter valued at about $1,546,000. FMR LLC purchased a new position in shares of TWFG during the third quarter worth about $34,942,000. Quantbot Technologies LP bought a new position in TWFG in the third quarter valued at $93,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in TWFG during the third quarter valued at approximately $4,068,000. Finally, Bamco Inc. NY bought a new stake in shares of TWFG in the 3rd quarter valued at about $19,764,000.

TWFG Company Profile

TWFG, Inc operates an independent distribution platform for personal and commercial insurance products in the United States. Its personal and commercial insurance products include auto, home, renters, life, health, motorcycle, umbrella, boat, recreational vehicle, flood, wind, event, luxury item, general liability, property, business auto, workers’ compensation, business owner policy, and professional liability insurance products, as well as commercial bonds and group benefits.